Monro (NASDAQ:MNRO) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a report released on Friday.

Other equities analysts have also issued reports about the stock. TheStreet raised shares of Monro from a “c+” rating to a “b-” rating in a report on Thursday, December 21st. Zacks Investment Research lowered shares of Monro from a “hold” rating to a “sell” rating in a report on Friday, October 13th. KeyCorp reissued a “hold” rating on shares of Monro in a report on Tuesday, October 24th. Oppenheimer reissued a “buy” rating on shares of Monro in a report on Tuesday, January 30th. Finally, Jefferies Group reissued a “hold” rating on shares of Monro in a report on Wednesday, January 31st. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $63.33.

Monro (MNRO) opened at $52.15 on Friday. The company has a quick ratio of 0.33, a current ratio of 1.06 and a debt-to-equity ratio of 0.62. Monro has a 1-year low of $39.65 and a 1-year high of $64.15. The stock has a market cap of $1,670.00, a price-to-earnings ratio of 31.23, a price-to-earnings-growth ratio of 1.88 and a beta of 0.62.

Monro (NASDAQ:MNRO) last released its quarterly earnings results on Tuesday, January 30th. The auto parts company reported $0.50 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.50. Monro had a net margin of 5.13% and a return on equity of 10.48%. The business had revenue of $285.70 million for the quarter, compared to analyst estimates of $292.94 million. During the same period in the previous year, the company earned $0.53 earnings per share. The business’s revenue for the quarter was down .9% on a year-over-year basis. sell-side analysts anticipate that Monro will post 2.07 EPS for the current fiscal year.

In other news, Director Stephen C. Mccluski sold 10,000 shares of the business’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $55.51, for a total transaction of $555,100.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.20% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wasatch Advisors Inc. grew its holdings in shares of Monro by 13.6% during the fourth quarter. Wasatch Advisors Inc. now owns 3,290,061 shares of the auto parts company’s stock valued at $187,369,000 after buying an additional 394,585 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Monro by 1.5% during the second quarter. Vanguard Group Inc. now owns 3,068,423 shares of the auto parts company’s stock valued at $128,107,000 after buying an additional 44,873 shares during the last quarter. Neuberger Berman Group LLC grew its holdings in shares of Monro by 15.2% during the third quarter. Neuberger Berman Group LLC now owns 1,375,231 shares of the auto parts company’s stock valued at $77,082,000 after buying an additional 181,405 shares during the last quarter. State Street Corp lifted its position in Monro by 5.3% during the second quarter. State Street Corp now owns 890,786 shares of the auto parts company’s stock valued at $37,189,000 after purchasing an additional 45,109 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Monro by 24.2% during the second quarter. Dimensional Fund Advisors LP now owns 887,263 shares of the auto parts company’s stock valued at $37,043,000 after purchasing an additional 172,725 shares during the period.

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About Monro

Monro, Inc, formerly Monro Muffler Brake, Inc, is engaged in the provision of automotive undercar repair and tire services in the United States. The Company provides a range of services on passenger cars, light trucks and vans for brakes; mufflers and exhaust systems, and steering, drive train, suspension and wheel alignment.

Analyst Recommendations for Monro (NASDAQ:MNRO)

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